DBS hires Morgan Stanley banker Tan Su Shan

Tan joins DBS as Managing Director and Head of Private Banking, succeeding DBS Hong Kong CEO Amy Yip.

The 42-year-old wealth management pro was recently Managing Director and Head of Private Wealth Management for Southeast Asia of Morgan Stanley Singapore and will be a member of DBS' Group Management Committee starting 1 July.

Chief Executive Officer Piyush Gupta said, "Asia is creating wealth faster than anywhere else in the world. With our Singapore lineage, strong balance sheet and solid market insights, DBS is well placed to be a trusted advisor and a leader in wealth management in Asia. I believe Su Shan's extensive experience positions her well to lead this effort and take DBS Private Banking and DBS Asset Management to the next level."

Prior to being Head of Private Wealth Management for Southeast Asia of Morgan Stanley Singapore, Tan was at Citi Private Bank as its Region Head for Singapore, Malaysia and Brunei, and was also board director of Citi Trust Singapore and the Singapore Investment Centre Head. She was Executive Director with Morgan Stanley Singapore, advising high net worth families, corporates and institutions in the region from 1997 to 2005. Tan was also with ING Barings where she spent seven years with the institutional equity and derivatives desk, working in key financial hubs in London, Tokyo and Hong Kong.